Doesn’t sound like we’ll be seeing an interest rate hike at this weeks’ MPC meet.
Risks include: Sovereign debt and associated imbalances Unsustainable patterns of demand
Sentance leaves the Bank of England Monetary Policy Committee (MPC) after its next meeting…
Thanks Mephistos for the link to this Reuters article on tonights MPC minutes.
Raising rates too soon could actually worsen Britain’s inflation problem according to the Ernst & Young Item club, which has identified a “perverse” danger tied to an early move.
David Smith at economicsuk.com